IS3L.DE vs. JPPS.DE
IS3L.DE (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) and JPPS.DE (JPM USD Ultra-Short Income Active UCITS ETF USD Dist) are both Ultrashort Bond funds. IS3L.DE is passively managed, while JPPS.DE is actively managed. Over the past 5 years, IS3L.DE returned 4.50%/yr vs 4.33%/yr for JPPS.DE. Their correlation of 0.81 suggests significant overlap in exposure. IS3L.DE charges 0.09%/yr vs 0.18%/yr for JPPS.DE.
Performance
IS3L.DE vs. JPPS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3L.DE achieves a 5.03% return, which is significantly higher than JPPS.DE's 4.69% return.
IS3L.DE
- 1D
- 0.09%
- 1M
- 1.67%
- 6M
- 3.08%
- YTD
- 5.03%
- 1Y
- 5.65%
- 3Y*
- 4.45%
- 5Y*
- 4.50%
- 10Y*
- 2.38%
JPPS.DE
- 1D
- 0.07%
- 1M
- 1.58%
- 6M
- 3.03%
- YTD
- 4.69%
- 1Y
- 5.51%
- 3Y*
- 4.43%
- 5Y*
- 4.33%
- 10Y*
- —
IS3L.DE vs. JPPS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 5.03% | -7.06% | 11.88% | 1.83% | 7.62% | 8.58% | -7.79% | 5.65% | 10.38% |
JPPS.DE JPM USD Ultra-Short Income Active UCITS ETF USD Dist | 4.69% | -6.60% | 11.60% | 1.47% | 7.22% | 8.57% | -6.84% | 5.86% | -10.93% |
Correlation
The correlation between IS3L.DE and JPPS.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.81 |
The correlation between IS3L.DE and JPPS.DE shifts across timeframes, from 0.81 (all time) to 0.99 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS3L.DE vs. JPPS.DE — Risk / Return Rank
IS3L.DE
JPPS.DE
IS3L.DE vs. JPPS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) and JPM USD Ultra-Short Income Active UCITS ETF USD Dist (JPPS.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS3L.DE | JPPS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.17 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.69 | 0.00 |
| Martin ratioReturn relative to average drawdown | 4.09 | 4.12 | -0.03 |
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Drawdowns
IS3L.DE vs. JPPS.DE - Drawdown Comparison
The maximum IS3L.DE drawdown since its inception was -28.17%, which is greater than JPPS.DE's maximum drawdown of -19.53%. Use the drawdown chart below to compare losses from any high point for IS3L.DE and JPPS.DE.
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Drawdown Indicators
| IS3L.DE | JPPS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.17% | -19.53% | -8.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -3.24% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -11.38% | -11.23% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -11.38% | -11.65% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | — | — |
Current DrawdownCurrent decline from peak | -4.72% | -4.58% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -9.18% | -7.07% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.33% | +0.05% |
Volatility
IS3L.DE vs. JPPS.DE - Volatility Comparison
iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) and JPM USD Ultra-Short Income Active UCITS ETF USD Dist (JPPS.DE) have volatilities of 1.14% and 1.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3L.DE | JPPS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.11% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.16% | 4.08% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 5.85% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.42% | 7.41% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.53% | 9.38% | +1.15% |
IS3L.DE vs. JPPS.DE - Expense Ratio Comparison
IS3L.DE has a 0.09% expense ratio, which is lower than JPPS.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IS3L.DE vs. JPPS.DE - Dividend Comparison
IS3L.DE's dividend yield for the trailing twelve months is around 4.24%, more than JPPS.DE's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.24% | 4.74% | 5.44% | 5.05% | 1.59% | 0.47% | 1.64% | 2.71% | 2.19% | 1.45% | 0.97% | 0.72% |
JPPS.DE JPM USD Ultra-Short Income Active UCITS ETF USD Dist | 4.03% | 4.47% | 5.12% | 4.54% | 1.19% | 0.64% | 2.07% | 2.65% | 1.77% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, IS3L.DE and JPPS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IS3L.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3L.DE is cheaper with a 0.09% expense ratio, compared with 0.18% for JPPS.DE.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.09% for IS3L.DE and 0.18% for JPPS.DE.
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